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Mergers & Acquisitions | |
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Monday, April 1, 2019 03:43PM / NSE
Further to the Market Bulletin of 20 March 2019, with
Reference Number: NSE/LARD/LRD/MB19/19/03/20, wherein the market was notified
of the suspension of trading in the shares of Diamond Bank Plc, following the
Court Sanction of the Scheme of Merger (Scheme) between Access Bank Plc and
Diamond Bank Plc, you are hereby notified that the National Council of The
Nigerian Stock Exchange on Friday, 29 March 2019 approved the listing of
6,617,253,991 ordinary shares of 50 Kobo each of Access Bank Plc resulting from
the Scheme.
Consequently, the resultant Scheme shares of 6,617,253,991
ordinary shares of 50 Kobo each of Access Bank Plc, were listed today Monday, 1
April 2019, while the entire 23,160,388,968 ordinary shares of Diamond Bank Plc
were delisted from the Daily Official List of The Exchange today Monday, 1
April 2019.
With the listing of the additional 6,617,253,991
ordinary shares arising from the Scheme, the total issued and fully paid up
shares of Access Bank Plc has increase from 28,927,971,631 ordinary shares to
35,545,225,622 ordinary shares of 50 Kobo each.
Visit Access Bank Plc IR Page in Proshare MARKETS
Graph – One Year Share Price Movement
Table – 2018FY Results
Related News
1. Creating One of Africa’s Leading Retail Banks - Launch of
the New Access Bank Brand
2. Access Bank
Ratings Affirmed; Outlook Stable; Diamond Bank Ratings Discontinued On
Effective Merger
3. ACCESS Updates
on Scheme Consideration of Cash and Shares for Shareholders of DIAMONDBNK
4. Full Suspension
of Trading In Shares Of Diamond Bank Plc - NSE
5. Access
Bank Plc Announces the Company’s Board Meeting Date and Closed Period
6. Access
Bank Plc Holds Signing Ceremony for N15 Billion Green Bond Issuance
7. Access
Bank Plc Obtains Court Sanction Of The Merger With Diamond Bank
8. Access
Bank Notifies of CBN and SEC’s Final Approval of the Proposed Merger with
DIAMONDBNK
9. Access
Bank Plc FY 2018 Conference Call and Earnings Presentation - The Key Takeaways
10. ACCESS
Declares N94.98bn PAT in Q4 2018 Results, Proposes N0.25k Final Dividend
11. Diamond Bank
Shareholders Approve Merger with Access Bank
12. Shareholders
Endorse Access Bank’s Plan to Merge with Diamond Bank Plc
13. Another Merger
Benefit as Diamond Bank Introduces PayDay Loan
14. Access Bank Gets
CBN, SEC’s Approval To Acquire Diamond Bank
15. Access Bank to
have 12million BVN Accounts After Merger with Diamond
16. Access
Bank Announces The Cancellation Of EGM Scheduled To Hold On February 1, 2019
17. Access
Bank Plc Announces Date of Board Meeting and Closed Period
18. Access Bank Gets
CBN, SEC’s Approval To Acquire Diamond Bank – Vanguard – Jan 15, 2019
19. Access
Bank to have 12million BVN Accounts After Merger with Diamond
20. Nigeria-Based
Access Bank And Diamond Bank Ratings Affirmed On Announced Merger; Outlook
Stable
21. Customers
To Access 3,100 Access-Diamond Bank ATMs Free By January 1st, 2019
22. Fitch
Places Diamond and Access on Rating Watch on Merger Announcement
23. Moody’s: Access,
Diamond Deal, Positive for Nigerian Banking System – ThisDay – Dec
22, 2018
24. Access
Bank To Hold An EGM On February 01 2019 To Seek Shareholders’ Approval on
Potential Merger
25. Key
Takeaways From The Conference Call On The Potential Access Bank – Diamond Bank
Merger
26. Access – Diamond
Merger: Post-Consolidation, Capital Raise, Jobs, Branches And Investors
27. Diamond Bank
Gains N4.40bn In Market CAP In Two Days - ACCESS Dips By -5.52% As DIAMOND
Gains 9.62%
28. Initial Thoughts
on Potential Merger To Create Nigeria’s Largest Bank
29. SEC Nigeria
Confirms Notice OF Access - Diamond Bank Potential Merger Plans
30. Access Bank
Gains N20.25b In Market CAP Today - ACCESS Grows By 9.40% As DIAMONDBNK Gains
9.47%
31. Diamond Bank
Eurobond Rallies 800bps Following Merger Announcement
32. Diamond Bank
Selects Access Bank As Preferred Bidder For Potential Merger
33. ACCESS,
DIAMONDBNK Share Prices Move Up On Potential Merger News
34. Access Bank
Confirms The Signing of Memo of Agreement with Diamond Bank Over A Potential
Merger
35. What Does It
Mean That Independent Directors Accuse Diamond Bank Of Corporate Governance
Issues?
36. Why Diamond Bank
Opted For A CBN-Managed Acquisition By Access Bank Over The Carlyle Group
37. Access Bank and
Diamond Bank Issue Denials on M and A
38. Diamond Bank
Receives CBN Approval To Operate As A National Bank
39. DIAMONDBNK Lost
N5.09bn This Week To Date; Extends November Loss to N15.75bn
40. Diamond Bank Plc
- Overblown Fright Or Justified Concerns?
41. Diamond Bank
Trades 59% of Total Market Volume; Hits 208.68m, Highest in 10 Months
42. DIAMONDBNK Has
Lost N12.74bn in Market CAP, 39.01 per cent Month To Date
43. Fitch Downgrades
Diamond Bank to 'CCC'
44. Fitch Affirms
Access Bank at 'B'; Stable Outlook
45. Nigerian Diamond
Bank Downgraded On Weaker-Than-Expected Asset Quality; Outlook Negative
46. Diamond Bank Plc
Postpones 9M 2018 Conference Call Due to Unforeseen Circumstances
47. Diamond Bank Plc
9M 2018 - Underlying Pressures Persist
48. Access Bank Plc
Q3''18 Results - Lower Cost of Funds; Better Asset Quality Propel Earnings
49. Diamond Bank Plc
Refutes Recent Speculations On Capital Injection
50. Access Bank Plc
2018- 2022 Strategy – Presentation
51.
2018-2022
Transformational Strategy: Access Bank targets 30ml customers
52. Access Bank
Launches New Five-Year Strategy – to Become Africa’s Gateway to the World